United Community Banks Inc. (NASDAQ: UCBI) and its wholly-owned subsidiary, Navitas Credit Corp., an industry leader in equipment financing, has announced the hiring of Len Baccaro as vice president business development and sales in the strategic accounts division. Baccaro reports to Michael Karman, senior vice president of the specialty finance division.
Baccaro brings nearly 40 years of industry experience to Navitas and will develop relationships with manufacturers and vendors in multiple retail verticals. With his strong background in business development, he and his team will focus on supporting these channels by leveraging Navitas’ unique financing model.
Prior to joining Navitas, Baccaro owned and sold two equipment brokerage firms, Independent Capital and American Equipment Finance, following which, he worked for First Sierra Financial as vice president of sales, In 2011 he joined Ascentium Capital as senior vice president of sales where he led their largest vendor sales group and oversaw business development for the franchise team.
United Community Banks Inc. provides a full range of banking, wealth management, and mortgage services for consumers and business owners. As of December 31, 2022, United had $24 billion in assets and 192 offices in Florida, Georgia, North Carolina, South Carolina, and Tennessee, along with a national SBA lending franchise and a national equipment lending subsidiary.